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Condensed Consolidated Statements of Cash Flows
$ in Thousands
6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 18,803 $ 34,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,906 9,648
Provision for doubtful accounts 1,925 0
Provision for warranty and returns 2,031 (125)
Stock compensation 8,805 7,674
Loss (gain) on disposal of property and equipment 3,010 31
Bond premium amortization 0 121
Bargain purchase gain (63,237) (1,110)
Change in fair value of earn-out 6,000 0
Other Noncash Expense 1,804 0
Cash provided by (used in) changes in operating assets and liabilities    
Accounts receivable (70,606) (2,527)
Inventories 66,870 (5,479)
Prepaid expenses and other assets (95,254) (3,784)
Accounts payable 8,785 3,752
Accrued liabilities 66,479 (5,985)
Income taxes, including excess tax benefits and deferred income taxes (14,185) 4,793
Net cash provided by operating activities (28,864) 41,775
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (27,199) (9,112)
Proceeds from sale of asset 2 1
Payments to Acquire Businesses, Net of Cash Acquired 157,097 2,606
Intangible assets additions (2,005) (513)
Purchases of investment securities 0 (18,106)
Proceeds from sale of investment securities 0 31,765
Net cash (used in) provided by investing activities (186,299) 1,429
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 10,944 7,796
Proceeds from employee stock purchase plan 1,326 1,197
Purchase of treasury stock (3,739) (16,911)
Net cash provided by financing activities 8,531 (7,918)
Effect of exchange rate changes on cash 2,473 1,445
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (204,159) 36,731
CASH AND CASH EQUIVALENTS, beginning of period 445,082 [1] 336,164
CASH AND CASH EQUIVALENTS, end of period 240,923 372,895
NON-CASH INVESTING ACTIVITIES    
Capital Expenditures Incurred but Not yet Paid 6,024 1,574
Fair Value of Assets Acquired 881,732 3,572
Payments to Acquire Businesses, Net of Cash Acquired (157,097) (2,606)
Proceeds from Issuance of Debt (75,000) 0
Estimated working capital adjustment 7,512 0
Business Combination, Contingent Consideration, Liability, Noncurrent (19,000)  
Business Combination, Consideration Transferred, Equity Issued, Fair Value (413,139) 0
BARGAIN PURCHASE GAIN (63,237) (1,110)
Goodwill, Acquired During Period 1,015  
Goodwill, Period Increase (Decrease)   (218)
Liabilities Assumed $ 162,786  
Increase (Decrease) in Assumed Liabilities   $ (362)
[1] December 31, 2016 balances were derived from audited consolidated financial statements.